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Discover LudwigThe phrase "degree inflation" is correct and usable in written English.
It can be used to describe the phenomenon where the value of academic degrees diminishes due to an increase in the number of people holding those degrees.
Example: "Many employers are now concerned about degree inflation, as they receive applications from candidates with advanced degrees for positions that previously required only a bachelor's degree."
Alternatives: "credential inflation" or "qualification inflation."
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WHAT is "degree inflation"?
Welcome to the world of degree inflation.
Which brings me to another, potentially more troubling explanation for degree inflation: signaling.
The demise of proper essays and exams has made degree inflation a fact of life, says Frank Furedi.
Economists have referred to this phenomenon as "degree inflation," and it has been steadily infiltrating America's job market.
The company found that a wide range of jobs — in management, administration, sales and other fields — are undergoing "upcredentialing," or degree inflation.
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When nearly everyone has some sort of post-secondary credential and posts high grades (because of grade inflation), a degree from Harvard or the University of Michigan still is highly respected, so their graduates mostly get decent jobs.
Although quite a few of those students manage to coast through to their degrees, thanks to grade inflation and an abundance of easy courses, they have frequently gotten an education in name only.
Record numbers of first-class degrees were awarded last summer, prompting accusations of rampant grade inflation.
The proliferation of bachelor's degrees means they aren't worth what they used to be degree inflation is the necessary outcome of grade inflation.
As pointed out by Beck et al. (2009), nominal rigidities are generally associated with imperfect competition in the goods and labor markets leading to a high degree of inflation persistence, which can be responsible for permanent inflation differentials.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com